Trading Off the Headlines? Here's Why You Shouldn't

Another household name has changed its business plan…

On Friday, we talked about Macy’s recent struggles. The massive retailer is following through with significant layoffs. And now, another household name is in the news for a recent announcement.

Microsoft will be closing all of its brick and mortar retail stores.

No, there’s no error there – the giant tech company will be shuddering its doors for every single last location. In a recent announcement, the company addressed that it would be closing all 116 stores to focus all their efforts on their online space.

Over the last decade, Microsoft has attempted to rival apple, opening stores worldwide. But after closing stores due to the pandemic, it seems the company has realized it is in their best interest to focus on the e-commerce side of things, offering reimagined spaces that serve customers in different ways.

You could be next…

On Monday, I delivered Project 303 subscribers their first recommendation on Dell Technologies Inc. (DELL). And in under two days, we saw our setup on this technology mogul not only double but triple – delivering a shot at over 200% gains.

Not a bad payout for our first trade, huh?

Now, on Monday – I’ll be releasing my next recommendation. And right now, I want you to think about what you could do with an extra $200, $500, even $1,000 in your bank account. Because my next recommendation could deliver that depending on the size of your stake, and I would hate for you to miss out.

So, click here to learn how to claim your seat in my next session, jam-packed full of my best trading research.

Trading tip of the week…

Stop reading the news.

Trying to keep up with the headlines right now is nearly impossible. And it seems like every day, there’s a new “breaking news story.” But here’s the thing, you don’t have to make every investment decision off what the guys on the TV say. In fact, in the long run, you might end up burnt out and broke.

Instead, I want to challenge you to stick to your trading plan and trust your process. I know that’s easier said than done, especially right now. But you developed your trading plan for a reason – so, stick to your guns and try not to get too caught up in every swing of the news headlines.

For instance, most people are currently focused on the states reopening or the cases spiking across the U.S. But for me, none of this matters. The only thing that matters is if there are more buyers in the market of sellers and vice versa. And that knowledge, paired with my proprietary S.C.A.N. system, will lead me straight to profits. That’s it, simple and easy.

The earnings report that has caught my eye:

It’s another week of earnings reports.

And I know you don’t have time to be sifting through all the numbers and news.

So, here’s the one I’ll be focusing on, and I think you should too:

FedEx Corporation (FDX).

I know this stock doesn’t need much of an introduction, but this large American multinational delivery services company is one of the top names in a booming business.

With Coronavirus moving most shopping virtual, FDX has been busy.

So, I’m looking forward to the numbers this company could post – and the opportunity it could present.